Siegfried Divests Sidroga Division

1:30 PM MDT | July 24, 2007 | Alex Scott

Siegfried (Zofingen, Switzerland) says that it has agreed to sell its Sidroga division, which produces medicinal beverages and herbal medicines, to Santo Holding (Zollikon, Switzerland) for an undisclosed amount. The deal is expected to go into effect on April 30, Siegfried says. Sidroga generated sales of approximately SF39 million ($32 million) in 2006, about 11% of Siegfried’s total. Sidroga has 56 employees, of whom 45 are in Germany, five are in Switzerland, and six are in Austria. “Santo Holding will continue to employ all of Sidroga’s...